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National market update

Pending Home Sales Drop as Expected

Washington, July 01, 2010 WASHINGTON (July 1, 2010) – Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the National Association of Realtors®. More...
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May Shows a Continued Strong Pace for Existing-Home Sales

Washington, June 22, 2010 Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady. More...
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National housing indicators

Existing home sales ()

5.66 million units*

Existing home median price ()

$179,600

Housing Starts ()

593,000 units*

New home sales ()

National economic indicators

Home ownership

1st Qtr 10

67.1%

1st Qtr 09

67.3%

The homeownership rate in the first quarter 2010 (67.1 percent) was not statistically different from the first quarter 2009 rate (67.3 percent). In the West, the homeownership rate was lower than a year ago, while no other region showed any significant change from corresponding first quarter 2009 rates.

New home sales

May 10

-32.7%

Apr 10

+14.7%

Sales of new one-family houses in May 2010 were at a seasonally adjusted annual rate of 300,000. This is 32.7% below the revised April 2010 estimate of 446,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Judy Berno

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Maintain Your Vacation Home

Plan to spend time and money to maintain your vacation home, no matter if you hire a property manager or local caretaker, or do the work yourself. More...
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What to Do in the First 24 Hours After a Flood

After flood waters subside, document, work with your insurer, and clean up safely. More...Read more

Green Siding Options

Selecting green siding is a matter of weighing trade-offs in longevity, insulation, biodegradability, maintenance, and, in some cases, cost. More...
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How Much Would You Pay For A Mattress?

Wall Street Journal asks, "A Mattress at $33,000? Made With Horsehair, Silk and Gold, New Bedding Pushes Prices Sky-High". Find out just how much a "good night sleep" may cost you. More...Read more

Have $1 Million to Spend? What Will it Buy?

If you like living on a golf course, fireplaces, marble flooring, 4 car garage, multiple bedrooms & baths, gameroom, theaters, gyms, tennis courts and pool, $1 million may not be enough. Just how far will your money go? More...Read more

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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